Target Confirms Credit Hacking

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Target Confirms Credit Hacking

12/19/2013

Consumers who have shopped at Target stores since Black Friday might want to keep an eye on their credit and debit card account statements.

The Minneapolis-based retailer has confirmed it is aware of unauthorized access to payment card data that may have impacted customers making credit and debit card purchases in its U.S. stores. Some 40 million credit and debit card accounts may have been impacted between Nov. 27 and Dec. 15.

Target has been working closely with law enforcement and financial institutions, and said it has identified and resolved the issue.

Preserving Shoppers' Trust

“Target’s first priority is preserving the trust of our guests and we have moved swiftly to address this issue, so guests can shop with confidence. We regret any inconvenience this may cause,” said Gregg Steinhafel, Target's chairman, president and CEO. “We take this matter very seriously and are working with law enforcement to bring those responsible to justice.”

Target alerted authorities and financial institutions immediately after it was made aware of the unauthorized access. Among other actions, Target is partnering with a leading third-party forensics firm to conduct a thorough investigation of the incident. Guests who suspect unauthorized activity should contact Target at (866) 852-8680.

Target Corp. operates 1,797 stores in the United States and 124 in Canada.